Buyer or Seller Market? 🏘️📈 Find Out Now!

Andy Schildhorn • July 19, 2024

📞 Book a call/meeting at a time convenient to you - 

 

Buyer’s or Seller’s Market? 🏘️💰🔍 Stay Ahead! Find out what kind of market we're in and how it can affect your real estate decisions.

 

Here's a quick overview:

 

🏠 Buyer’s Market Indicators:

  • High Inventory Levels: Many options for buyers.
  • Longer Days on Market: Homes sit longer before being sold.
  • Lower Prices: Less competition drives prices down.
  • Negotiation Power: Buyers can negotiate better deals.


📈 Seller’s Market Indicators:

  • Low Inventory Levels: Few homes available.
  • High Demand: Properties move fast.
  • Higher Prices: Increased competition drives prices up.
  • Multiple Offers: Sellers see offers above asking price.



🔍 Key Metric:

Sales to Active Listings Ratio: Measures the percentage of homes being sold against active listings. Above 20% is a seller’s market. Below 12% is a buyer’s market.

 

We are heading into a buyer's market. What do you think? Where do you see the market going in the next few months?

 

👉 Have questions or need help with your real estate plans? Use the link below to book a time at your convenience.

 

📧 andy@andytherealtor.com
📞 778.835.8957
📅 Book a Meeting with Andy
🌐 www.AndytheRealtor.com


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Your Langley and Fraser Valley Realtor. 🏡

 

Thanks for watching, and see you next week! 👋

 

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